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First Time Buyer incentive has just months to go

31 October 2024 Latest News

First time buyers in England have only five months left to take advantage of a stamp duty incentive. Currently if you’re a first timer and you buy a home costing up to £425,000 you have to pay no stamp duty at all. But…

  • this is a temporary incentive, ending on April 1 2025;
  • to qualify you must have never owned a property before;
  • and it applies only on a home the first time buyer goes on to live in.

Many people hoped the new government would extend this incentive beyond next April but that has not been the case – so first-time buyers are advised to act quickly to get into the market and complete a purchase ahead of the deadline.

East of Exe and West of Exe
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East Devon Sales & Lettings
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01392 877240
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